Abu Dhabi Commercial Bank Wins Trade Finance Award

21 July 2013

ADCB is awarded Highly Commended Trade Bank in MENA at Awards For Excellence 2013

Abu Dhabi, 21 July 2013: Abu Dhabi Commercial Bank (ADCB), recently received recognition for its trade finance offering. The bank was awarded, "Highly Commended Trade Bank in MENA" for Excellence in this area by Trade Finance Magazine. The award was presented at the Trade Finance Awards Ceremony which was held at the Sheraton Park Lane Hotel, London.

The Awards for Excellence by Trade Finance Magazine is an annual landmark poll of the best performing trade finance institutions as voted for by the industry. ADCB is the first UAE local bank to be amongst the top five ranking banks in the MENA region for its Trade Finance services.

Mr. Krishnakumar Duraiswamy - Head of Trade Finance, at ADCB said, "The Awards for Excellence by Trade Finance is one of the most prestigious awards in the industry. Over the last twelve months we have worked tirelessly to enhance our offering and to raise the quality and standard of Trade Finance in the UAE and broader region. It is a great honour, and truly rewarding to receive recognition from our peers for our advancements in this regard. At ADCB we understand our clients' needs and we remain committed to delivering best-in-class products to the market."

ADCBs Trade finance products and solutions are structured around client's business needs in imports, exports, re-exports, guarantees and short-term financing. ADCBs Trade finance product suite include letters of credit, letters of guarantee, confirmation of documentation credits and documentary credit collection, receivables financing and trust receipts. ADCB also provides customers with structured trade solutions and assistance with Export Credit Agencies backed financing. With due emphasis on online real-time channels, the client has access to end-to-end visibility of transaction and account status.

In 2010, ADCB launched its online trade finance platform, ProTrade, allowing customers to manage their trade transactions from anywhere at any time while at the same time reduces trade cycles, automate supply chains and reduce operating costs, making international trade financing quick, easy and secure.